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Here's a link to a video that I just finished for 604 919 Station Street, Vancouver BC. This place offers some great value for price, and it's a pleasure to show.

Rob Zwick 604-727-7612

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Confused about zoning? See below for explanations of residential zoning in Vancouver with links to download detailed information from the City of Vancouver.

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Or see the Zoning Bylaws map.

RS - One-Family Dwelling

RS-1

The intent of this Schedule is generally to maintain the single-family residential character of the RS-1 District, but also to permit conditionally one-family dwellings with secondary suites...

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Flaherty Details New Mortgage Rules

Article from The Globe And Mail

Concern over rising consumer debt levels is prompting Ottawa to make three new changes to Canada's mortgage rules.

Finance Minister Jim Flaherty announced Monday that new federal rules will reduce the maximum amortization period to 30 years from 35 years for government-backed insured mortgages with loan-to-value ratios of more than...

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Interesting article from Averback Mortgages Newsletter


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For future or current homeowners who are "on the fence" about purchasing now or later, we have compiled a chart showing comparable prices and rates.

These comparisons are from:

  • This November (2010)
  • 3 years ago November (2007)
  • 5 years ago November (2005)
We chose two different properties in the greater Vancouver area and matched them with the rates...
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Tiny houses are not uncommon, especially in Tokyo. But Fuyuhito Moriya's three-story pad (which he bravely shares with his mother) is among the most impressive I've ever seen. It sits atop a single parking space.

When Fuyuhito Moriya, 39, purchased his 30 square meter plot of land in Tokyo, it was advertised as a spot to park a car. He decided to park himself and his mother there instead—a project that...

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Market Update

What's Going on with the market?

Entering into October, a question that is being asked rather frequently is "Where is the inventory?". While mainstream media has been talking about rising inventory levels and a full fledged 'Buyer's market' for almost two months, the reality is that the statistics quite simply don't support it yet. The number of active listings across the board has been dropping since May and has really just levelled off in September without any noticeable increases in inventory levels at all. I admit that I am in fact a bit surprised by this as I have been expecting inventory levels to start to rise in the Fall and, while it may still happen, the market seems to have settled nicely in a fairly balanced state of affairs. With interest rates remaining low, and without a noticeable increase in active listings, it appears that things may remain this way through to the end of the year.

With this current stability, we are also seeing a levelling off with prices across the board. The one exception here is the downtown market, which saw a 13% increase in prices last month, though much of that increase can be attributed to the sales of several high end luxury homes that have skewed the number slightly. In spite of those sales, another interesting trend that we are seeing is a real slowdown in the higher price brackets. For both attached and detached properties, in both Vancouver West and Vancouver East, the absorption rate (ratio of active listings to sales in the past month) trails of noticeable as you look at higher priced homes in each category.

Please take a look through the new, more comprehensive statistics below and let me know if you have any questions. I think they will provide you with a better outlook and analysis of current happenings. Any suggestions or recommendations you have are always appreciated.

Rob Zwick

Vancouver West - Attached Statistics

Vancouver West Attached Statistics

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Vancouver West - Attached Graph

West_Van Attached graph

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Vancouver West - Detached Statistics

West_Van_Detached STATS

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Vancouver West - Detached Graph

West_Van_Detached graph

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Vancouver East - Attached Statistics

East Attached

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Vancouver East - Attached Graph

East attached graph

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Vancouver East - Detached Statistics

east_Van_Detached

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Vancouver - East Detached Graph

east van detached

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Vancouver Downtown Statistics

downtown

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Vancouver Downtown Graph

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downtown

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I really don't know what is going on out there. The market is all over the place, which could be a sign of things to come.

Over the last couple of days I have written 4 very reasonable offers on condos, in various price ranges, with only one acceptance. This one acceptance was on a loft in Mount Pleasant, near Cambie Street, which had amazing views, 18 foot ceilings, and a huge deck. My client loved...

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City’s housing affordability problem boils down to too many people on too little land


What drives Vancouver’s house prices so relentlessly to levels four times higher than Winnipeg’s, and more than half again what Torontonians pay?

It’s simple, says Tsur Somerville of UBC Centre for Urban Economics and Real Estate.

“If you want Winnipeg-level house prices here, all...

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